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Entry into force of «oil for money» agreement between Baghdad and Erbil
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Baghdad: Mustafa Hamza, at a time when the Iraqi Oil Ministry refused to link the release of $ 500 million by the central government to the Kurdistan Regional Government in exchange for delivery of the region of 150 thousand barrels per day to the federal government-the Kurdish deputy stressed that the agreement was finally reached between Baghdad and Erbil is part of a close political agreement within the seventh paragraph ten of the document. The Finance Minister, Hoshyar Zebari, yesterday announced his ministry had disbursed $ 500 million to the KRG under the recent agreement between the two sides. Zebari said, in a press conference held at the Ministry Building, said that «the ministry transferred $ 583 billion dinars, which is equivalent to $ 500 million, based on the agreement that was finally reached between the representative of the Minister of Oil and the Kurdistan Regional Government of the Federal government, represented by its president» .
He added that «the agreement provides for extradition of the region of 150 thousand barrels per day to the Federal Ministry of Oil, has embarked on provincial authorities deliver the quantities of oil as of yesterday (yesterday) to SOMO tanks at the Turkish port of Ceyhan.» He explained that «this initial payment of dues region and will be followed by other batches. It is scheduled to begin later in the political and technical talks between the two parties to reach a practical and realistic solutions according to the Constitution about the benefits the region and the benefits of the Federal Government, and will enjoy the process of increasing oil exports from the fields of particular importance to support the general budget A State that complain of a marked fiscal deficit, although the government is currently engaged in the preparation of the budget in 2015 ».
The Minister of Finance that «The agreement came in implementation of the government program, which stated that, as a prelude to resolve outstanding differences between the federal government and the Kurdistan Regional Government in my general budget and export of oil, The federal government is committed to its part as soon as the ratification of the new composition in the House of Representatives to launch an advance for the calculation of the Kurdistan region, and is committed to the contrast of the Kurdistan Regional Government directly deliver the quantities of oil produced from the fields of Kurdistan to be exported through the Federal Ministry of Oil ».
For his part, announced the official spokesman of the Ministry of Oil, Assem Jihad, told «Middle East», that «the agreement concluded between the central government and the KRG over oil went into effect, where Erbil began delivered the agreed quantity, is currently 150 thousand barrels of oil per day in order to be at the disposal of the central and custody of the Ministry of Oil National Oil Company (SOMO), which holds the export of oil to the Turkish port of Ceyhan », stressing that« the launch amount of $ 500 million unrelated to the amount received from the oil, in the sense that this is not the equivalent quantity of oil or depend on them, it is a premium was agreed between the parties within the framework of the region dues owed by the central government, as the amount they demand much greater than this ».
Jihad pointed out that «this agreement but it is a step in the comprehensive political agreement between the parties includes many issues, but it was the oil dispute is the most prominent, and then the settlement of this dispute pave resolve the remaining differences on the basis of understanding that was signed between the political blocs when forming Government », adding that« the government authorized the oil minister of the conclusion of this agreement the new spiritual perspective that began to prevail between the two parties, note that this amount can be increased, and leading to the resolution of dues region, in addition to increasing the financial resources of the country ».
In response to a question on the quantities that have been exported by the Kurdistan region during the last period, Jihad said that «this issue will be discussed in the context of subsequent discussions between the parties to determine the fate of the source and the quantities of oil and revenues.» And on the total revenue that would result of this agreement, Jihad said that «the sum of the annual total amount of this agreement with the entry of the Kirkuk oil within it the equivalent of $ 30 billion a year», revealing that «the government wants a radical solution to this issue, and then they turned the draft oil law, said and gas to the Parliament for consideration and adoption. »
In the same context, stressed member of the Iraqi parliament from the bloc «Kurdistan Alliance» Dr. Farhad capable, told «Middle East», that «the agreement, which happened not just a transfer of funds by the Federal Government to the Government of the territory in exchange for oil , it is a comprehensive political agreement under paragraph 17 of the document the political agreement which was formed the current government under which ». He is able to «This agreement created a climate of confidence between the parties, as the government of Kurdistan and placed at the disposal of Baghdad agreed amount of oil directly, even before agreed upon conversion of funds, which means that there are good intentions of the relationship, which was passed in the last tough control ».
He is able to be «the upcoming talks between the two parties will address all outstanding issues, including staff salaries and the Peshmerga and Article 140 of the Constitution and other outstanding and inherited from the previous stage issues». Middle East
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Baghdad: Mustafa Hamza, at a time when the Iraqi Oil Ministry refused to link the release of $ 500 million by the central government to the Kurdistan Regional Government in exchange for delivery of the region of 150 thousand barrels per day to the federal government-the Kurdish deputy stressed that the agreement was finally reached between Baghdad and Erbil is part of a close political agreement within the seventh paragraph ten of the document. The Finance Minister, Hoshyar Zebari, yesterday announced his ministry had disbursed $ 500 million to the KRG under the recent agreement between the two sides. Zebari said, in a press conference held at the Ministry Building, said that «the ministry transferred $ 583 billion dinars, which is equivalent to $ 500 million, based on the agreement that was finally reached between the representative of the Minister of Oil and the Kurdistan Regional Government of the Federal government, represented by its president» .
He added that «the agreement provides for extradition of the region of 150 thousand barrels per day to the Federal Ministry of Oil, has embarked on provincial authorities deliver the quantities of oil as of yesterday (yesterday) to SOMO tanks at the Turkish port of Ceyhan.» He explained that «this initial payment of dues region and will be followed by other batches. It is scheduled to begin later in the political and technical talks between the two parties to reach a practical and realistic solutions according to the Constitution about the benefits the region and the benefits of the Federal Government, and will enjoy the process of increasing oil exports from the fields of particular importance to support the general budget A State that complain of a marked fiscal deficit, although the government is currently engaged in the preparation of the budget in 2015 ».
The Minister of Finance that «The agreement came in implementation of the government program, which stated that, as a prelude to resolve outstanding differences between the federal government and the Kurdistan Regional Government in my general budget and export of oil, The federal government is committed to its part as soon as the ratification of the new composition in the House of Representatives to launch an advance for the calculation of the Kurdistan region, and is committed to the contrast of the Kurdistan Regional Government directly deliver the quantities of oil produced from the fields of Kurdistan to be exported through the Federal Ministry of Oil ».
For his part, announced the official spokesman of the Ministry of Oil, Assem Jihad, told «Middle East», that «the agreement concluded between the central government and the KRG over oil went into effect, where Erbil began delivered the agreed quantity, is currently 150 thousand barrels of oil per day in order to be at the disposal of the central and custody of the Ministry of Oil National Oil Company (SOMO), which holds the export of oil to the Turkish port of Ceyhan », stressing that« the launch amount of $ 500 million unrelated to the amount received from the oil, in the sense that this is not the equivalent quantity of oil or depend on them, it is a premium was agreed between the parties within the framework of the region dues owed by the central government, as the amount they demand much greater than this ».
Jihad pointed out that «this agreement but it is a step in the comprehensive political agreement between the parties includes many issues, but it was the oil dispute is the most prominent, and then the settlement of this dispute pave resolve the remaining differences on the basis of understanding that was signed between the political blocs when forming Government », adding that« the government authorized the oil minister of the conclusion of this agreement the new spiritual perspective that began to prevail between the two parties, note that this amount can be increased, and leading to the resolution of dues region, in addition to increasing the financial resources of the country ».
In response to a question on the quantities that have been exported by the Kurdistan region during the last period, Jihad said that «this issue will be discussed in the context of subsequent discussions between the parties to determine the fate of the source and the quantities of oil and revenues.» And on the total revenue that would result of this agreement, Jihad said that «the sum of the annual total amount of this agreement with the entry of the Kirkuk oil within it the equivalent of $ 30 billion a year», revealing that «the government wants a radical solution to this issue, and then they turned the draft oil law, said and gas to the Parliament for consideration and adoption. »
In the same context, stressed member of the Iraqi parliament from the bloc «Kurdistan Alliance» Dr. Farhad capable, told «Middle East», that «the agreement, which happened not just a transfer of funds by the Federal Government to the Government of the territory in exchange for oil , it is a comprehensive political agreement under paragraph 17 of the document the political agreement which was formed the current government under which ». He is able to «This agreement created a climate of confidence between the parties, as the government of Kurdistan and placed at the disposal of Baghdad agreed amount of oil directly, even before agreed upon conversion of funds, which means that there are good intentions of the relationship, which was passed in the last tough control ».
He is able to be «the upcoming talks between the two parties will address all outstanding issues, including staff salaries and the Peshmerga and Article 140 of the Constitution and other outstanding and inherited from the previous stage issues». Middle East
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